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[Abondanceinvest]

TGLN News out Shortly interesting..0.02 and more Target
0.08 long term.. big potential
UNREGISTERED SALES OF EQUITY SECURITIES.
Under the terms of the Agreement, on March 22, 2010 the former Board members, who resigned on March 19, 2010, each returned 50% of their current Company common stock holdings to the Company to be returned to treasury, as follows:
John Fleming: 75,250,354 shares; Marty Schiff: 50,000,000 shares; and Mark Crist: 50,050,000 shares (a total of 175,750,354 returned to the Company).

On March 22, 2010, the Company also issued a total of 3,514,042,158 restricted shares of common stock to Glenn W. McMachen, Sr., and Arlene McMachen, one-half to each. This common stock was valued at $3,514,042 ($0.001 per share) and was issued upon approval of the Company's board of directors in connection with the Agreement.

http://biz.yahoo.com/e/100324/tgln.ob8-k.html

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On March 22, 2010, the Company issued a total of 325,000,000 restricted shares of common stock to three consultants for the Company for services valued at a total of $325,000 ($0.001 per share). This common stock was issued upon approval of the Company's board of directors for services rendered, and to be rendered, to the Company.

These issuances were undertaken under Rule 506 of Regulation D under the Securities Act of 1933. That is, the transactions did not involve a public offering and the investor represented that he is a "sophisticated" investor as defined in Rule 502 of Regulation D.